Srinagar, Jan 4: Jammu & Kashmir’s market borrowings are likely to be Rs 1214 crore in Q4 period of Jan-March 2022, Reserve Bank of India said in a recent report.
“The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter January – March 2022, is expected to be ₹3,09,971.74 crore”, RBI said.
The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts includes J&K.
According to the report J&K is likely to borrow Rs 500 crore on Feb 1, 2022, and another Rs 714 crore on Feb 28, 2022.
“The actual amount of borrowings and the details of the States/UTs participating would be intimated by way of press releases two/ three days prior to the actual auction day and would depend on the requirement of the State Governments/UTs, approval from the Government of India under Article 293(3) of the Constitution of India and the market conditions”, RBI said.
